BCREA 2024 First Quarter Housing Forecast Update: BC Housing Market Set to Rebound Amidst Changing Interest Rate Environment

To view the BCREA Housing Forecast PDF, click here. Vancouver, BC – January 25, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 First Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 7.8 per cent to 78,775 units this year. In 2025, MLS® residential sales

The 2023 Housing Market was Defined by High Rates and Slow Sales

For the complete news release, including detailed statistics, click here. Vancouver, BC –  January 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent decline from 80,506 units sold in 2022. The annual average MLS® residential price

Powers of Attorney: A Minefield for REALTORS® #568

Power of Attorney

REALTORS® will, from time to time, encounter clients who are buying or selling real estate through a power of attorney. While seemingly straightforward, powers of attorney are nothing short of legal landmines and should be treated with extreme caution. REALTORS® should be aware that not all powers of attorney are created equal, and care must

2024 BC Property Assessments 

property assessments 2024

The 2024 BC Property Assessments are now available online through BC Assessment, and homeowners can now check theirs on the website and expect to receive their notices in the mail by the end of January 2024.   REALTORS® are often a valuable source of information for both buyers and sellers in helping them understand tax

January 2024 Standard Forms Updates Now Live!

BCREA Standard Forms aims to address the needs of REALTORS® in this dynamic environment by revising and creating new forms to help support the profession while minimizing the number of changes throughout the year. On January 3, 2024 there is a release that encompasses two updates that are now in effect: 1. Exclusive Listing Contract The Exclusive

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BCREA Public Website Preview